5MSM VISHNU
5MSM VISHNU Indicator for Trending Markets originally written by patrick1994.
It was originally based on the MACD 12-26 and the 50 bar EMA .
The macd hist is color coded with green as buy and sell as red.
I added an option to use a couple of lower lag ema's (See line 13 - ema_signal).
5MSM VISHNU with MACD Indicator for Trending Markets
Originally written by Trading Rush
Note that the user may choose lower lags to compute the MACD signals
added lower lag ema functions - see lines 21 to 30
added plot for the MACD signal 'hist' - computed in lines 36 to 41
The extra MACD line was added for clarity for the placement of the buy sell signals.
It was originally based on the MACD 12-26 and the 50 bar EMA .
The macd hist is color coded with green as buy and sell as red.
I added an option to use a couple of lower lag ema's (See line 13 - ema_signal).
5MSM VISHNU with MACD Indicator for Trending Markets
Originally written by Trading Rush
Note that the user may choose lower lags to compute the MACD signals
added lower lag ema functions - see lines 21 to 30
added plot for the MACD signal 'hist' - computed in lines 36 to 41
The extra MACD line was added for clarity for the placement of the buy sell signals.
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removed exit timestamp
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target and stoploss line size increased.
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Renamed long to CE and short to PE
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early entry
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early entry and morning trade time after 9.30
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target 1 is increased by 10pt.
Target 2 is now estimated target line.
Target 2 is now estimated target line.
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hist to +-1
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TARGET and entry updated.
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morning trade time changed to 10.00 am
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entry time delayed
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tyme 945
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new stoploss level added
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BULL & BEAR rejection limit added.
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Target and stoploss is masked
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redused sideways entry
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TARGET and STOPloss alert added
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added calc_on_every_tick=true
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adjusted position size
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added vwap volume based entry.
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added vwa entry arrows
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forcast added
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added trailing stoploss and trailing target.
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added supertrend, atr
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changed time
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removed prediction part .. its taking time load.. leads script fail.
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exit logic changed
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added filled candles like hikin ashi
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refined entry and stoploss
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changed ITM to OTM for novice customer for learning purpose
added condition to avoid repetitive alerts
added condition to avoid repetitive alerts
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removed extra indicators
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Added strike price on chart
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made changes
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created Constant string variable
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Stop loss icon is also added in the chart
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update SToploss icon on PUT side also.